Nasdaq futures are pointing to the index approaching a bear market.
"This is what appeared unbelievable to most investors, and this is actually happening," said Slava Smolyaninov, Moscow-based chief strategist at BCS Global Markets.
The Russian central bank said it would intervene in the foreign-exchange market and banned short selling.
The invasion reverberated in markets in Eastern Europe and Turkey.
The Turkish lira fell 3.7%. Polish bank stocks tumbled, with PKO Bank Polski falling 13.5%. Wizz Air, an airline with its key markets in Eastern Europe, declined over 11%. Shares of other European companies with sizable operations in Russia also plunged.
The Russian attack comes at a time where volatility in markets was heightened, due to looming changes in Federal Reserve monetary policy.
Beyond Meat, Etsy and cryptocurrency exchange Coinbase are scheduled to report after markets close.
https://www.wsj.com/articles/global-stocks-markets-dow-update-02-24-2022-11645676676
No comments:
Post a Comment